What is the median home value in the Town of Otto, NY?
The median value of owner-occupied homes in the Town of Otto, NY is $141,300 (±$17,035), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In the Town of Otto, the median home value went from $118,000 in 2015–2019 to $141,300 in 2020–2024 (+19.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $141,300 (±$17,035)
- Owner-occupied homes
- 342 (±63)
- Most common range
- $100,000 to $149,999
Home values in the Town of Otto
| Value | Town of Otto | Cattaraugus County | New York | United States |
|---|---|---|---|---|
| Less than $50,000 | 10.8% (±5.7 points) | 14.1% | 3.9% | 5.3% |
| $50,000 to $99,999 | 17.5% (±8.7 points) | 29.8% | 5.6% | 6.1% |
| $100,000 to $149,999 | 26.9% (±9.9 points) | 17.8% | 6.7% | 6.8% |
| $150,000 to $199,999 | 14.6% (±5.6 points) | 14.9% | 8.3% | 9.0% |
| $200,000 to $299,999 | 14.0% (±5.2 points) | 13.1% | 13.2% | 17.8% |
| $300,000 to $499,999 | 8.2% (±4.7 points) | 7.6% | 19.7% | 26.9% |
| $500,000 to $999,999 | 4.4% (±4.7 points) | 2.0% | 30.1% | 20.9% |
| $1,000,000 or more | 3.5% (±3.3 points) | 0.8% | 12.6% | 7.1% |
The most common range is $100,000 to $149,999, 26.9% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
The Town of Otto against Cattaraugus County, its state and the nation
| Town of Otto | Cattaraugus County | New York | United States | |
|---|---|---|---|---|
| Median home value | $141,300 (±$17,035) | $113,100 (±$3,389) | $423,800 (±$1,627) | $332,700 |
| Owner-occupied homes | 342 (±63) | 23,996 (±405) | 4,196,985 (±19,607) | 84,210,142 |
In the Town of Otto, the median home value is higher than in Cattaraugus County ($113,100).
It is also lower than in New York ($423,800).
It is lower than the national figure ($332,700).
In Cattaraugus County, the Town of Otto ranks 12 of 35 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 754 of 1,003.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in the Town of Otto have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $118,000 (±$12,992) | $141,300 (±$17,035) | +19.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,205 (±$95) | $1,267 (±$131) | +5.1% | Down after inflation |
| Median real estate taxes | $3,558 (±$510) | $2,926 (±$463) | −17.8% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near the Town of Otto
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Town of Otto | — | $141,300 (±$17,035) | — |
| Town of Persia | 4.0 mi | $100,000 (±$22,512) | Lower |
| Village of Cattaraugus | 5.0 mi | $71,200 (±$10,496) | Lower |
| Town of East Otto | 5.1 mi | $182,600 (±$26,914) | Higher |
| Village of Gowanda | 6.3 mi | $96,400 (±$13,062) | Lower |
| Town of Collins | 6.5 mi | $153,000 (±$11,226) | Not measurably different |
| Town of New Albion | 6.8 mi | $88,600 (±$14,244) | Lower |
| Town of Mansfield | 7.6 mi | $200,000 (±$29,229) | Higher |
| Town of Dayton | 7.9 mi | $111,700 (±$13,478) | Lower |
Nearby places with a measurably lower figure: Town of Persia, NY ($100,000), Village of Cattaraugus, NY ($71,200), Village of Gowanda, NY ($96,400).
Nearby places with a measurably higher figure: Town of East Otto, NY ($182,600), Town of Mansfield, NY ($200,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Cattaraugus County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 6 | Town of Allegany | $169,400 (±$13,048) |
| 7 | Town of Olean | $158,600 (±$16,882) |
| 8 | Town of Humphrey | $158,200 (±$13,310) |
| 9 | Town of Ischua | $150,700 (±$25,554) |
| 10 | Town of South Valley | $150,600 (±$71,507) |
| 11 | Town of Perrysburg | $143,800 (±$31,165) |
| 12 | Town of Otto | $141,300 (±$17,035) |
| 13 | Town of Coldspring | $133,100 (±$21,122) |
| 14 | Town of Red House | $131,300 (±$26,920) |
| 15 | Town of Conewango | $124,800 (±$64,651) |
| 16 | Town of Portville | $118,600 (±$17,859) |
| 17 | Town of Salamanca | $118,400 (±$9,177) |
| 18 | Town of Little Valley | $118,000 (±$18,320) |
Showing 13 of 35 places in Cattaraugus County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Otto include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Town of Otto
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Town of Otto beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Town of Otto, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Town of Otto, and send estimates and invoices from your phone.
Questions about Town of Otto
What is the average home value in the Town of Otto, NY?
The Census Bureau publishes the median: $141,300 (±$17,035) for owner-occupied homes in the Town of Otto (2020–2024 American Community Survey).
Have home values in the Town of Otto gone up?
In the Town of Otto, the median home value went from $118,000 in 2015–2019 to $141,300 in 2020–2024 (+19.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in the Town of Otto sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Otto town, Cattaraugus County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Otto town, Cattaraugus County, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Otto town, Cattaraugus County, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Otto town, Cattaraugus County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Otto town, Cattaraugus County, New York (county subdivision:55783, in state:36 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Otto at a glance
- Income and affordability in the Town of Otto
- Homeowner costs in the Town of Otto
- Property taxes in the Town of Otto
- Types of homes in the Town of Otto
- Bedrooms in the Town of Otto
- Age of homes in the Town of Otto
- Heating fuel in the Town of Otto
- Commute and cars in the Town of Otto
- New York landlord and tenant rules
- Housing across Cattaraugus County
- New York places ranked by median home value
- Housing data for every place in New York